Conventional wisdom as adopted by Venture Capitalists (VC) is that two-member founder teams are more effective that solo ones. Famous examples such as – Jobs and Woz, Larry and Sergey – point out to this trend. No one person can ever be adept at all aspects of business. Founding teams tend to have greater access to capital, stronger networks and better access to talent recruitment sources. Yet, some studies have suggested that the truth may be otherwise. Taking cues from solid examples such as Jeff Bezos, Oprah Winfrey and Sara Blakely, solo entrepreneurs have been proven to be more successful. A study was conducted using data provided by Kickstarter to assess who are doing better. Solo founders were 2.6 times more likely to own an existing for-profit venture. There were fewer early exits. VCs must study this trend and invest accordingly in the future.

Source:http://mitsloan.mit.edu/newsroom/articles/2-founders-are-not-always-better-than-1/?utm_source=mitsloantwitter&utm_medium=social&utm_campaign=solo

Uploaded Date:04 July 2018